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Ins. Co., 70 Conn

Categories: Commercial Law

Definition (1910 Edition)

647, 41 Atl. 4—Net price. The lowest price, after deducting all discounts. —Net profits. This term does not mean what is made over the losses, expenses, and interest on the amount invested. It jncludes the gain that accrues on the investment, after deducting simply the losses and expenses of the business.
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.